Bitcoin hit an intermediate-term bottom during the SEC and CFTC hearing. If youre new to cryptocurrencies, the volatility can be unnerving. But keep in mind its normal as the industry goes. This was the 13th decline of 30% or more in the last five years.
Now is a great time to buy bitcoin. Its trading close to its 200-day moving average, which has historically been a good buy point.
This is a actually a very good time to buy bitcoin because the price is going down steadily, and have quite high possibility to increase in coming days. Also return on investment in bitcoin is way to high compared to other investments but it has one drawback, volatility.